Trevor Levine
If tenants don't qualify, would you accept a foreign co-signer?
Two youngsters want to rent my 1-bedroom furnished apartment. They have little income, but one says her parents are supporting her while she's in college. So I asked if the parents would co-sign.The parents said Yes, ...
Sol Bergren
Co-signing questions / compensation
I'm looking into having a friend co-sign a loan for my rental property:
1) Are you allowed to financially compensate the cosigner for signing? (could I write that off?)
2) How do you structure it so that they can be...
David Trevino
How to divided up cash-flow for a property with partner
I’m currently looking in to purchasing a four-plex property i have ran the number and the deal fits my criteria , i have a great amount in savings to cover the down payment and costs associated with the property and s...
Anthony Zotto
Rookie question about financing
Rookie question I’m sorry but, I have a great off market deal that I want to purchase and I have 20% down but I cannot get a loan because I am a student and do not have income verification. I really want this place. W...
Thomas Weiss
Fha mortgage loans on multifamily
Hey guys, I’m going to be buying a multi family with a business partner pretty soon. He does not have W-2 showing income since late 2020, but he will have a new job when we get this property. We are coming to the poin...
Tyler Rowley
Family That Needs a Break
Here’s the situation…I know a family who is going through a rough time. Mom, Dad + 8 kids. One of their daughters has leukemia.They were evicted last year and their new place just went on the market and they had to mo...
Lori Marra
Renting To Students
We're starting to rent to students and want to learn more how to best write and manage the lease among the tenants.
We have a duplex with two, three-bedroom units. We have furnished each room with a bed, dres...
Daniel Smith
Looking for rockstar mortgage broker
Hey BP. I am looking for an amazing mortgage lender who can find the best loan available. I am looking to purchase a property with my dad (under his name) with a co-signer involved. If that is in your wheelhouse pleas...
Tyrel Templar
High risk tenant just got evicted
I have a potential tenant who was evicted from her last home. I offered to rent to her on a month by month basis. Increased rent $50/mo from my regular rate, 2xrent security deposit and a co-signer. I also let her kno...
Ellie Narie
Can self-employed without two years of income qualify for FHA?
Let's say the individual just graduated from professional school, and started their own practice/business. They are a contractor and receive a 1099 form. Do they have to wait two years before being able to qualify for...